The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

China’s top venture capitalist Neil Shen sells Meituan stock for US$799 million, according to stock exchange filings | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

Neil Shen Nanpeng, China’s top venture capitalist and a director of Chinese delivery services giant Meituan, has sold stock in the Hong Kong-listed company to cash in HK$6.23 billion (US$798.72 million), according to stock exchange filings on Tuesday. Shen, a founder and managing partner at venture capital firm Sequoia Capital China, sold a total of 42.96 million shares in Meituan over April 27 and 29, via funds held by his firm. Shen sold 42.46 million shares on April 27 at an average price of HK$144.78, and sold 500,000 shares on April 29 at HK$159.5. The sales generated HK$6.23 billion in…

Other China Tech Buzz: